Stocktoria
indie Semiconductor, Inc. INDI
Nasdaq · XNAS · stock · Semiconductors & Related Devices · website · IPO 2019-10-04
Chart by TradingView
2/9
Piotroski F — financial health
-1.25
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $217.4M | $216.7M | $223.2M | $110.8M | $48.4M |
| Operating income | -$154.2M | -$170.1M | -$135.4M | -$119.1M | -$74.8M |
| Net income | -$143.1M | -$132.6M | -$117.6M | -$43.4M | -$88.0M |
| Operating cash flow | -$57.1M | -$58.6M | -$104.4M | -$76.7M | -$55.8M |
| Free cash flow | -$71.4M | -$72.9M | -$117.1M | -$84.3M | -$58.5M |
| Total assets | $840.8M | $941.4M | $818.9M | $603.4M | $469.3M |
| Total liabilities | $456.8M | $496.0M | $341.9M | $289.0M | $177.4M |
| Shareholders' equity | $358.0M | $445.4M | $477.0M | $314.3M | $291.9M |
| Ratios | |||||
| Operating margin | -70.9% | -78.5% | -60.7% | -107.5% | -154.5% |
| Net margin | -65.8% | -61.2% | -52.7% | -39.2% | -181.9% |
| FCF margin | -32.9% | -33.7% | -52.5% | -76.1% | -120.8% |
| Return on assets | -17.0% | -14.1% | -14.4% | -7.2% | -18.8% |
| Return on equity | -40.0% | -29.8% | -24.7% | -13.8% | -30.2% |
| Debt / equity | 0.99× | 0.83× | 0.33× | 0.50× | 0.02× |
| Current ratio | 3.73 | 4.82 | 1.96 | 5.85 | 7.36 |
| Revenue growth | 0.3% | -2.9% | 101.4% | 128.9% | 114.1% |
Why these scores methodology →
Piotroski F-score: 2/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -1.25 (distress)
- Working capital / assets 0.249
- Retained earnings / assets -0.758
- EBIT / assets -0.183
- Equity / liabilities 0.784
Sector peers
VFS · TM · HMC · SONY · AAPL · XOM · all Manufacturing →
Source: SEC EDGAR filings · CIK 0001841925 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.